Strategic Trust-Building

Istanbul's Ambitions as a Financial Center

Overview

EWI Fellows Greg Austin and Allen Collinsworth participated in the "Istanbul: Regional Hub, Global Actor Forum Series. 

The first in a series of forums entitled 'Istanbul: Regional Hub, Global Actor' conceived as a part of the vision to make Istanbul a regional and international financial center took place in the USA capital Washington DC on Friday, October 11th, hosted by Borsa Istanbul in cooperation with the Istanbul Financial Center Initiative.

The forum brought together high-ranking representatives from the government, the bureaucracy and the private sector not to mention those of the international think tanks and civil society organizations.

Emil Constantinescu on the Foundations of Democracy

Emil Constantinescu, former President of Romania and current Director Emeritus at EWI, spoke at the 3rd Baku International Humanitarian Forum about the essential underlying elements of democracy this week.

Constantinescu stressed the importance of moral education, humanistic tolerance, multiculturalism and independent thought to the creation and maintenance of effective democracies. 

“Democracy, based on the principles of statehood, allows us to develop the concept of the citizen of the future, and spiritual and moral education of young people is a way of keeping human values,” Constantinescu said.

For more on Constantinescu’s comments at the 3rd Baku International Humanitarian Forum, click here.

Preventing Nuclear Terrorism

The EastWest Institute hosted “Preventing Nuclear Terrorism: Recommendations Based on a U.S.-Russian Joint Threat Assessment,” a launch event for the release of a jointly produced report by Harvard’s Belfer Center for Science and International Affairs and the Russian Academy of Sciences’ Institute for U.S. and Canada Studies. The event took place on October 2 at EWI’s New York Center. 

Moderated by EWI’s Andrew Nagorski, the event, which was attended by experts and diplomats, featured a conversation with William Tobey of the Belfer Center and Pavel Zolotarev of the Institute for U.S. and Canada Studies. They introduced the report and outlined specific policy recommendations for the U.S. and Russia aimed at reducing the threat of nuclear terrorism. Building upon a previous study released in 2011, this new report identifies the legal and political frameworks for cooperation, current gaps and weaknesses, and proposals to improve U.S. and Russian efforts to prevent and respond to nuclear terrorism.

“The threat of nuclear terrorism is both urgent and real,” Tobey declared, citing a number of cases over the past decade where fissile material was seized outside of regulatory control. These incidents warrant deep concern not only because they highlight the inadequacy of current security measures, but also because the interdicted materials represented only a sample of much larger quantities for sale. 

As it stands today, Tobey noted, “The U.S. and Russian governments are not well organized to cooperate in suppressing illegal trafficking of nuclear materials to combat nuclear terrorism.”

One of the obstacles that continue to frustrate U.S. and Russian efforts to prevent and manage the threat of nuclear terrorism are the divergent responses the two countries apply to nuclear crises. Though both parties acknowledge that the acquisition of fissile materials by terrorists pose a grave threat, the U.S. and Russia differ in policy responses, eschew information sharing, and have very different public notification strategies. 

Zolotarev added that the amount of attention paid to the cooperation procedures between the U.S. and Russia are inadequate or nonexistent. “We cannot remain complacent when considering preventing nuclear terrorism,” he warned. 

In order to more effectively combat the threat of nuclear terrorism, the report’s authors recommend three sets of actions for U.S. and Russian authorities. The U.S. and Russia should pursue joint actions in working groups composed of high-ranking officials; introduce parallel measures including improvements in nuclear security practices and regulatory enforcement; and take the lead in pursuing cooperative activities in concert with other countries.

As possessors of the world’s largest nuclear inventories, the U.S. and Russia share a special responsibility for leading international efforts to reduce the threat posed by nuclear terrorism, the speakers pointed out. Although the U.S. and Russia often find themselves at odds on a host of other issues, nuclear security is a critical area in which U.S. and Russian national interests coincide, particularly when it comes to the threat of terrorism. The recommendations put forth in this report and expounded upon by Tobey and Zolotarev are meant to serve as a catalyst for more vigorous actions by both countries, acting in concert, which should benefit everyone. 

Click here for the full Joint Threat Assessment

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